NM daily 3Besides the miners (mentioned in the previous post) one of the sectors that will soon likely play a potentially powerful game of catch-up (assuming that the broad market continues to move higher over the next few weeks+) is the shipping index.  As of now, the only shipping trade idea on the site is the NM long trade, which triggered an entry on the break above this large triangle pattern a few weeks ago.  For those in the trade, which is currently up about 8% from entry (breakout), note that NM has now reached that previous reaction high from Nov 6th and may or may not pause or pullback on this first attempt at that level.  Regardless, the trade still looks good longer term and my current preferred target is T2.  I would also consider moving stops up to breakeven at this point, assuming an entry on or around the breakout level (3.80ish).